BMO Investments Inc. Announces Changes to Its Mutual Fund Line-Up
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/07/12 -- BMO Investments Inc. has received securityholder and regulatory approval to proceed with the proposed changes to the BMO Mutual Funds line-up listed below which were announced on March 23, 2012.
The following mergers have been approved at an adjourned meeting of securityholders held on June 4, 2012 and are expected to be effective as of the merger dates listed in the following table:
As set out in the announcement made on March 23, 2012, on the effective date of each merger, securityholders of each series of each Terminating Fund will receive securities of the equivalent series of the corresponding Continuing Fund, determined on a dollar-for-dollar basis. The Terminating Funds will be wound up as soon as possible following the mergers.
BMO Investments Inc. has also amended the investment strategies of each of BMO Emerging Markets Fund and BMO Greater China Class, a class of shares of BMO Global Tax Advantage Funds Inc., to permit the funds to invest in other mutual funds. The investment strategies of each of the funds were revised to permit each of them to invest up to 10 per cent of their assets in securities of other mutual funds, which may include funds that are managed by BMO Investments Inc. or one of its affiliates or associates; this includes the BMO China A-Share Fund, a pooled fund managed by BMO Investments Inc. and sold pursuant to exemptions from the investment fund prospectus requirement.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth and institutional, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $445 billion as at April 30, 2012.
Contacts:
For all news media enquiries please contact:
Rachael McKay, Toronto
(416) 867-3996
Ronald Monet, Montreal
(514) 877-1873
Laurie Grant, Vancouver
(604) 665-7596
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 07.06.2012 - 21:59 Uhr
Sprache: Deutsch
News-ID 154481
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 211 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Investments Inc. Announces Changes to Its Mutual Fund Line-Up"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group and BMO Bank of Montreal (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
